Revenue earned through sale of electricity to private party or government.
These are certificates which a solar power plant developer acquires from the government on generation of solar power from the solar power plant. These certificates are traded on the power exchanges in a price band of Rs.9.30 per unit - Rs.13.40 per unit.
Emission reduction projects can earn saleable certified emission reduction (CER) credits, each equivalent to one tons of CO2, which can be counted towards meeting Kyoto target.
Huge chunk of Land is acquired for solar generation. The value of land will definitely be escalated after 25 years (minimum period of project life).
No income tax is payable on revenue earned from solar for 10 years.
This will help in huge tax benefit on your existing business revenue. You can claim for 80% depreciation in 1st year and 16% in second year and so on for further years.
